Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas

05 December

1. 1. Emini S&P December makes a new all time high at 6102.
   The low & high for the last session were 6063- 6102.
   (To compare the spread to the contract you trade)
   .
2. 2. Emini Nasdaq December finally beat the all time high at 21340 to hit 21548.
   Last session high & low for the last session were: 21306- 21548.
   .
3. 3. Emini Dow Jones December a new all time high at 45176.
   Last session high & low for the last session were: 44871 – 45176.
   .

Emini S&P December futures

• * Emini S&P finally hits my targets of 6078/80 & 6095/99, perhaps as far as 6126/31 before the end of the week.

• * Support at 6060/6050 & longs need stops below 6040.
  

Nasdaq December futures

• * Bulls force a break above the all time high at 21340 for a buy signal.
  We immediately hit my targets of 21390/399, 21480/490 & even as far as 21550 with a  new all time high just 2 points below.
• * Next targets: 21620, 21730, 21840.

• * Support at 21350/21300 but longs need stops below 21250.
  

Emini Dow Jones December futures

• * Longs at support at 44640/560 worked perfectly on the bounce towards my target of 45020/050 & even 45400 is possible this week.
• * If we continue higher look for 45610/650.

• * Support at 44580/520 & longs need stops below 44450.

It’s not the smartest traders who succeed, nor those who work the longest hours. It’s traders who learn how to control their emotions.

Learn my trading psychology secrets to gain emotional stability in my FREE 5 day challenge!

Sign up now: https://bit.ly/3RtFyZZ

Join my free telegram group for analysis and signals.

https://t.me/daytradeideas

Daily Technical Analysis is provided by Jason Sen of Day Trade Ideas, who has been day trading since the late 1980’s. Jason has been a contributor of Traders Summit since the beginning. He primarily focuses on providing technical analysis of the financial markets, including stock chart patterns, Forex and Metals setups, and other useful technical analysis.

Please email me if you need this report updated or Whatsapp: +66971910019 – To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk

Jason Sen, Director

https://www.daytradeideas.co.uk

20241205